300 amps is safe for OFC, some say they(the link below) rate the wire a little high but if you use high quality wire and go a little under you shouldn't have any fires. IMO the cap is just something that uses more power and makes it look cool, some say use it only as last resort after electrical system upgrades. I don't care for running both grounds to the same connection. My HU even recommends grounding to a separate place, just seems a little safer to me.
Recommended Power and Ground Cable Sizes & Speaker Wire Size and Length